Sugar group back on track

Manufacturing News, Source : TheManufacturer.com
Published : 29 Mar 2007 17:02
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British sugar and sweetener group Tate & Lyle has aid that trading was back in line with expectations and ahead of last year following its surprise profit warning in late January.

The group said it expected sales and profits of its super sweetener Splenda to only modestly exceed the last year’s results.

Tate & Lyle warned in January that annual profit would be "modestly below market forecasts" due to disappointing sales of sucralose, reflecting poor uptake by the US fizzy drinks industry and also due to dollar weakness.

The company was up 25p at 569.5p on the London Stock Exchange following the trading update.

 

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